Call Option vs Covered Call

A financial contract granting the buyer the right, but not the obligation, to purchase an underlying cryptocurrency asset at a predetermined strike price on or before expiry; buyer pays premium upfront; profit occurs when spot price exceeds strike plus premium.

A yield-enhancement strategy combining a long spot position with a sold call option on the same asset; the short call is covered by the underlying position, eliminating naked short risk; generates premium income at the cost of capping upside at the strike price.